By Mark Skousen
Steve Levitt, University of Chicago economist and author of the #1 bestseller “Freakonomics” and now a sequel, “SuperFreaknonomics”, is an American wunderkind. A few years ago, he won the John Bates Clark Award for the brightest economist under the age of 40. Another bestselling author Malcolm Gladwell (“The Tipping Point”) says that Levitt “has the most interesting mind in America.” Continue reading
by Kenneth Hanner
Several dozen House Republicans have written a letter to President Obama warning him not to commit the United States to an emission reduction protocol at UN Climate Change Conference taking place in Copenhagen, Denmark. Continue reading
By Dan Kotman on December 8, 2009
After his “jobs summit” last week that shut out business groups like the National Federation of Independent Business and the Chamber of Commerce, President Obama is set to announce a new jobs program in a speech today in Washington.
His “new” proposals center around more investment in infrastructure and providing rebates for making homes more energy efficient. Continue reading
By Bob L.
The people need to take the credit cards away from this Government, and tell them that money does not grow on trees or that it does not fall out of the sky.
By JIM KUHNHENN and CALVIN WOODWARD, Associated Press Writers
WASHINGTON – In President Barack Obama’s hands, the $700 billion financial rescue fund offers a bit of bookkeeping magic: an opportunity to pay down the deficit while also spending more — thereby adding to it.
Under law, any paybacks to the bailout known as the Troubled Asset Relief Program must be used to reduce the deficit. But in an economic speech on Tuesday, the president sought to have it both ways. Increased repayments from banks to the Treasury will reduce the deficit all right, but it will give Congress the budgetary room to spend more — and the president encouraged just that.
“There are those who claim we have to choose between paying down our deficits on the one hand, and investing in job creation and economic growth on the other,” Obama said. “But this is a false choice.” Continue reading